Tether Confirms Holding Both Bitcoin & Gold, Rejects Rumors of Offloading BTC

Tether has refuted rumors circulating online that it sold its Bitcoin holdings in exchange for gold, clarifying that the company holds both assets within its reserve portfolio. CEO Paolo Ardoino’s statement directly addressed the claims, affirming their commitment to maintaining a diversified portfolio by holding both Bitcoin (BTC) and gold. The move comes amidst increasing market speculation regarding Tether’s holdings, which are known for backing its USDT stablecoin. Markets reacted calmly to this clarification, with Bitcoin prices remaining relatively stable without significant price fluctuations in Tether’s market cap or gold prices.